Company Annual Review
Annual Financial Report
The annual financial statements help Singapore-based companies organize their yearly accounts and prepare financial reports, as mandated by government authorities. These reports include accounting ledgers, director reports, director statements, income statements, balance sheets, cash flow statements, and classification notes, among others.
Annual Tax Statement
The annual financial statements help Singapore-based companies organize their yearly accounts and prepare financial reports, as mandated by government authorities. These reports include accounting ledgers, director reports, director statements, income statements, balance sheets, cash flow statements, and classification notes, among others.
Annual General Meeting Report
The annual general meeting (AGM) is a yearly report to shareholders on the company’s past year’s performance. It’s mandatory for the company to hold an AGM, chaired by the company secretary, within 18 months of its establishment. At the AGM, directors vote on various resolutions. These meetings continue annually to review the company’s performance and financial status.
Corporate Tax Report
Singapore private limited companies must report corporate taxes annually to IRAS. Taxes are calculated based on pre-tax profits for the financial year, not revenue. The corporate tax rate is 17%. (For new companies, the first $100,000 of chargeable income is 75% tax-exempt for the first three years.)
